FE Report
The board of directors of five listed companies, including two banks, have recommended dividend in last week between 10 per cent and 100 per cent for the year ended on December 31, 2017.
The five companies are: BRAC Bank, Singer Bangladesh, National Housing Finance & Investment, United Commercial Bank and United Insurance.
BRAC Bank: BRAC Bank has recorded nearly 35 per cent growth in year-on-year net profit (consolidated) in the year that ended on December 31, 2017.
The bank reported a consolidated profit after tax of nearly Tk 5.50 billion in 2017 which was Tk 4.07 billion in 2016, according to a statement.
The bank's consolidated earnings per share stood at Tk 6.07 for the year that ended on December 31, 2017 which was Tk 4.55 in the previous year.
The bank's consolidated net asset value per share stood at Tk 31.10 at the end of 2017, compared to Tk 31.18 in the last year.
The bank's consolidated net operating cash flow per share stood at Tk 24.99 for the year ended of 2017, which was Tk 13.75 in the previous year.
The financial results were disclosed on Thursday after a meeting of board of directors of the bank.
The board of directors of BRAC Bank has recommended 25 per cent stock dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting scheduled to be held on April 26 in Dhaka.
The record date for entitlement of dividend is April 11.
In 2016, the bank disbursed 10 per cent cash and 20 per cent stock dividend.
There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.
Each share of the bank, which was listed on the Dhaka bourse in 2007, closed at Tk 90.90 on Thursday on the Dhaka Stock Exchange.
Per share of the bank's price traded between Tk 70.40 and Tk 114.40 in the last one year.
The bank's paid-up capital is Tk 8.58 billion and authorised capital is Tk 12 billion while the total number of securities is 858 million.
The sponsor-directors own 44.30 per cent stake in the bank, while the institutional investors 8.59 per cent, foreign investors 40.32 per cent and the general public 6.79 per cent as on February 28, 2018, the DSE data shows.
Singer BD: The board of directors of Singer Bangladesh has recommended 100 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on May 15 at 10:00am at Spectra Convention Centre in Dhaka.
The record date for entitlement of dividend is April 9.
The company has also reported consolidated earnings per share (EPS) of Tk 9.79, consolidated net asset value (NAV) per share of Tk 28.17 and consolidated net operating cash flow per share (NOCFPS) of Tk 5.17 for the year ended on December 31, 2017 as against Tk 7.12, Tk 25.39 and Tk (7.69) (restated) respectively for the same period of the previous year.
In 2016, the company disbursed 70 per cent cash dividend.
National Housing Finance: The board of directors of National Housing Finance has recommended 19 per cent cash dividend for the year ended on December 31, 2017.
The AGM will be held on May 3 at 11:00am in Dhaka. The record date for entitlement of dividend is April 9.
The company has also reported EPS of Tk 2.40, NAV per share of Tk 15.98 and net operating cash flow per share (NOCFPS) of Tk 19.84 for the year ended on December 31, 2017 as against Tk. 2.29, Tk. 15.39 and Tk. 15.28 respectively for the same period of the previous year.
UCB: The board of directors of United Commercial Bank (UCB) has recommended 10 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on April 30. The record date for entitlement of dividend is April 11.
The bank has also reported consolidated earnings per share (EPS) of Tk 2.58, consolidated net asset value (NAV) per share of Tk 25.49 and consolidated net operating cash flow per share (NOCFPS) of Tk 2.04 for the year ended on December 31, 2017 as against Tk 2.49, Tk 24.50 and Tk 2.25 respectively for the same period of the previous year.
In 2016, the bank disbursed 15 per cent cash dividend.
United Insurance: The board of directors of United Insurance has recommended 11 per cent cash dividend for the year 2017.
The AGM will be held on May 3. The record date is on April 15.
The insurer's EPS stood at Tk 2.41 and NAV was Tk 29.97 in 2017.
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